Pauliwalnuts
Registered User
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- 53
My sister was on honeymoon in Cancun Mexico & while there herself & hubby signed up to what basically constitutes a timeshare agreement where they get 200 weeks at a chain of hotels that they can use any time going forward.
They were invited along to a presentation by the hotel staff where they were promised the sun, moon & stars & plied with drink. They were shown the sister hotel next door to where they were staying & offered an upgrade to that hotel for remainder of their stay if they signed up. This is what finally sold it to them as it was the best place they had ever seen.
Also they were given vouchers for 2 "free" weeks over the course of the next 3 years. Anyway to cut a long story short they went for it.
They had to pay an initial deposit of $5k & will have to pay something like a further $9k over the course of the next 2 years in monthly instalments.
They had a great honeymoon & loved the hotel they stayed in but they have had something of a change of heart about the whole thing since they have come home. Basically they kind of felt forced into it as they had to sign up on the day, & apparently these guys were making it impossible to get away.
Their first payment for this is due out in mid Jan & they asked me last night to look over the contracts they have signed & from what I can see they are watertight. I told them they should contact their solicitor to see what the consequences of cancelling their credit card would be so that they will not be debited this money. I thought I'd pose the question here as well as I know quite a few solicitors frequent AAM.
They don't mind the initial €5k they spent as they felt that was worth spending for what they got but they don't want to continue with the rest of it.
What are the likely consequences of them not fulfilling this contract since it is tied to Mexican law.
Is debt collectors the likely scenario, or a court action against them or something to that effect ? Basically what way does the law work around a contract that was signed in a country like Mexico for Irish citizens?
My advise to them was get out of it but they are not sure. Should they just put it down to a lesson learned & go ahead with paying ?
I am sceptical as I feel they would be throwing their money away.
Any opinions would be useful.
They were invited along to a presentation by the hotel staff where they were promised the sun, moon & stars & plied with drink. They were shown the sister hotel next door to where they were staying & offered an upgrade to that hotel for remainder of their stay if they signed up. This is what finally sold it to them as it was the best place they had ever seen.
Also they were given vouchers for 2 "free" weeks over the course of the next 3 years. Anyway to cut a long story short they went for it.
They had to pay an initial deposit of $5k & will have to pay something like a further $9k over the course of the next 2 years in monthly instalments.
They had a great honeymoon & loved the hotel they stayed in but they have had something of a change of heart about the whole thing since they have come home. Basically they kind of felt forced into it as they had to sign up on the day, & apparently these guys were making it impossible to get away.
Their first payment for this is due out in mid Jan & they asked me last night to look over the contracts they have signed & from what I can see they are watertight. I told them they should contact their solicitor to see what the consequences of cancelling their credit card would be so that they will not be debited this money. I thought I'd pose the question here as well as I know quite a few solicitors frequent AAM.
They don't mind the initial €5k they spent as they felt that was worth spending for what they got but they don't want to continue with the rest of it.
What are the likely consequences of them not fulfilling this contract since it is tied to Mexican law.
Is debt collectors the likely scenario, or a court action against them or something to that effect ? Basically what way does the law work around a contract that was signed in a country like Mexico for Irish citizens?
My advise to them was get out of it but they are not sure. Should they just put it down to a lesson learned & go ahead with paying ?
I am sceptical as I feel they would be throwing their money away.
Any opinions would be useful.